ChainCatcher reported, citing on-chain analyst Ember, that Point Farm Capital, identified by the address Beqv6d...qeit, has deployed a total of $1 million in USDC to buy 37.21 million STONK tokens. Ember said the purchases were made at an average market capitalization of $21 million. Based on the same monitoring data, STONK’s market capitalization has since climbed to $240 million. Ember’s calculation shows the position is now sitting on an unrealized profit of $10 million, or about 10 times the initial capital deployed. The update was presented as an on-chain tracking note and did not include additional details beyond the wallet, purchase size, token amount, average market cap, current market cap, and estimated profit.
ChainCatcher reported, citing on-chain analyst Ember, that Point Farm Capital, tracked at wallet address Beqv6d...qeit, has deployed a cumulative $1 million in USDC to acquire 37.21 million STONK.
According to Ember’s monitoring, the purchases were made at an average market capitalization of $21 million. STONK’s market capitalization has now reached $240 million, leaving the position with an unrealized profit of $10 million, roughly 10 times the capital invested.
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